The value that a series of equal payments will grow to in the future is referred to as the:

Select one:

A. Present value of an annuity.

B. Future value of a single amount.

C. Future value of an annuity.

D. Present value of a single amount.

Below are excerpts from interest tables for 8% interest.

	1	2	3	4
1	1.0000	0.92593	1.08000	0.92593
2	2.0800	0.85734	1.16640	1.78326
3	3.2464	0.79383	1.25971	2.57710
4	4.5061	0.73503	1.36049	3.31213

Column 2 is an interest table for the:

Select one:

A. Future value of $1.

B. Future value of an annuity of $1.

C. Present value of an annuity of $1.

D. Present value of $1.